Short Interest in Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Decreases By 60.0%

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) was the target of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 1,400 shares, a decline of 60.0% from the January 31st total of 3,500 shares. Based on an average daily volume of 16,200 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Nuveen New York Select Tax-Free Income Portfolio

Hedge funds have recently bought and sold shares of the stock. Stifel Financial Corp raised its stake in shares of Nuveen New York Select Tax-Free Income Portfolio by 41.5% during the third quarter. Stifel Financial Corp now owns 21,883 shares of the company’s stock worth $266,000 after acquiring an additional 6,421 shares in the last quarter. Breakwater Capital Group raised its stake in shares of Nuveen New York Select Tax-Free Income Portfolio by 15.3% during the fourth quarter. Breakwater Capital Group now owns 41,133 shares of the company’s stock worth $467,000 after acquiring an additional 5,470 shares in the last quarter. Wolverine Asset Management LLC raised its stake in shares of Nuveen New York Select Tax-Free Income Portfolio by 27.3% during the fourth quarter. Wolverine Asset Management LLC now owns 45,983 shares of the company’s stock worth $522,000 after acquiring an additional 9,850 shares in the last quarter. Guggenheim Capital LLC raised its stake in shares of Nuveen New York Select Tax-Free Income Portfolio by 13.3% during the fourth quarter. Guggenheim Capital LLC now owns 55,020 shares of the company’s stock worth $624,000 after acquiring an additional 6,457 shares in the last quarter. Finally, 1607 Capital Partners LLC raised its stake in shares of Nuveen New York Select Tax-Free Income Portfolio by 23.7% during the fourth quarter. 1607 Capital Partners LLC now owns 273,085 shares of the company’s stock worth $3,100,000 after acquiring an additional 52,358 shares in the last quarter.

Nuveen New York Select Tax-Free Income Portfolio Trading Down 0.0 %

Shares of Nuveen New York Select Tax-Free Income Portfolio stock opened at $11.85 on Friday. Nuveen New York Select Tax-Free Income Portfolio has a 1 year low of $10.98 and a 1 year high of $12.40. The company has a 50 day simple moving average of $11.62 and a two-hundred day simple moving average of $11.83.

Nuveen New York Select Tax-Free Income Portfolio Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $0.042 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.50 annualized dividend and a yield of 4.25%.

About Nuveen New York Select Tax-Free Income Portfolio

Nuveen New York Select Tax-Free Income Portfolio is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New York. The fund invests in the securities of companies that operate across diversified sectors.